Fidelity Sustainable Core Plus Bond Fund
FIAEX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Apr 22, 2022
- CIK
- 0000035315
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Sustainable Core Plus Bond Fund (FIAEX) is an open-ended mutual fund managed by Fidelity Management & Research Company LLC that seeks total return through a combination of current income and capital appreciation. The fund normally invests at least 80% of its assets in investment-grade debt securities and other instruments, including U.S. dollar-denominated investment-grade bonds; high yield debt securities; emerging market bonds; inflation-protected bonds; U.S. government securities and repurchase agreements; floating rate debt instruments; and up to 20% in equity securities; all selected for their favorable environmental, social and governance (ESG) characteristics according to proprietary sustainability criteria. Its portfolio emphasizes mid-credit quality and moderate interest-rate sensitivity, with key holdings such as Fidelity Cash Central Fund, United States Treasury Notes and Bonds, and allocations across government bonds (39.23%), corporate bonds (32.89%), agency mortgage-backed securities (16.54%), cash equivalents (9.26%), and asset-backed securities (6.05%); asset diversification includes 80.78% U.S. bonds, 15.42% non-U.S. bonds, and 3.21% cash. Launched on April 13, 2022, the fund is domiciled in the United States and available for sale primarily to U.S. investors through various platforms, including Fidelity's retail and institutional channels, with a net expense ratio of 0.45% and no front-end or deferred loads. It operates within the intermediate core-plus bond category of the fixed income asset management industry, targeting investors seeking sustainable fixed income exposure with a benchmark of the Bloomberg MSCI U.S. Aggregate ESG Choice Bond Index. The fund is managed by a team including Ford O'Neil, Franco Castagliuolo, Michael Plage, Michael Foggin, Celso Munoz (since inception), and more recent additions Benjamin Harrison, Brian Day, and Stacie Ware (since October 1, 2024). As part of Fidelity Investments, headquartered at 82 Devonshire Street, Boston, Massachusetts—a firm founded in 1930 through its predecessor Fidelity Fund—the fund benefits from the broader Fidelity platform offering mutual funds, ETFs, fixed income products, and sustainable investing solutions across global markets. No major acquisitions, funding rounds, partnerships, or strategic shifts specific to FIAEX have been reported in the last 1-2 years; it continues to focus on core-plus bond strategies with an ESG overlay amid steady assets under management of approximately $49 million.